I used to hold this stock many a year back.
Struggling now to see if the issue price of $20 is of value, as a couple things worry me.
- Large debt pile.
- Was not profitable in 2019.
- Talks of restarting a dividend in 2021 due to manageable debt pile, rather than reducing debt and increasing profits.
But then, the fact they were able to raise $740m from the IPO, suggests to me people think there is hope out there yet. Approx $600m is apparently to help offset the debt pile of $4.3bn, with an MCAP of $8.6bn at the IPO price.
I’m going to have to do some more DD on this I think.